For the Infant-Industry Argument for Tariffs to Be Appropriate, It

question 120

Multiple Choice

For the infant-industry argument for tariffs to be appropriate, it is necessary that

• A) the industry be deemed essential by the government.
• B) the government can identify which industries will eventually be able to compete with more established foreign producers.
• C) only industries that currently are operating efficiently will be protected.
• D) the country has access to the most modern production techniques.

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Definitions:

Lenticels

Porous swellings of cork cells in the stems of woody plants; facilitate the exchange of gases.

Pith Rays

Tissue in plants that extends radially across the stem or trunk, involved in the storage and transport of nutrients horizontally within the structure.

Heartwood

The dense, inner part of a tree trunk, yielding the hardest wood.

Sapwood

The younger, softer, outermost layers of wood between the heartwood and the bark, functioning in the transport of water and nutrients.